The Related Companies is bringing back plans to build a 25-story office tower in downtown West Palm Beach.
Related, led by Miami Dolphins owner Stephen Ross, will go before the city’s Downtown Action Committee on Wednesday. It will seek approval for the Class A building at 134 and 142 Lakeview Avenue and 809 South Flagler Drive, according to plans filed with the city.
More hedge funds and financial firms are expected to move to downtown West Palm, Fort Lauderdale and Miami to take advantage of changes in the federal tax code. That is anticipated to generate demand for new Class A office space.
David Childs of Skidmore, Owings & Merrill, who designed One World Trade Center in New York City, is designing One Flagler. The building would have more than 200,000 square feet of office space, a lobby, restaurant and reading room on the ground floor, and public open space that would include a reflection pool. There would also be terraces on floors 8, 15 and 20.
The First Church of Christ Scientist owns the 2.47-acre site. As part of Related’s proposal, the church would remain in its historic building that was completed in 1928. The year it was completed, the structure was damaged by the Okeechobee hurricane of 1928, one of the deadliest hurricanes on record.
Related had proposed building One Flagler prior to the city approving an Okeechobee Business District in 2018. Before that, zoning in the area was limited to five stories in height.